Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
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Fundraising for PE & VC Funds
Arch Venture Partners
$3B+
12th fund
Boldstart Ventures
Miami, FL
$250M
Seventh fund
KKR
$4.6B
Debut fund focused on North American midmarket buyouts
StepStone Group
$7.4B
Fifth private equity secondaries fund
Private Equity Deals
Thompson Street Capital Partners
ATIS
Undisclosed amount
Creve Coeur, MO-based provider of elevator and escalator safety inspections and related services
Sixth Street
EdgeConneX
Undisclosed amount
Herndon, VA-based data center operator
Vista Equity Partners
Gnosis Freight
Undisclosed amount
Charleston, SC-based provider of supply chain visibility and execution software
Leonard Green & Partners
GSI
Undisclosed amount
Westminster, CO-based provider of geohazard mitigation solutions and roadway safety services
TPG
Homrich Berg
Undisclosed amount
Atlanta, GA-based wealth manager
Beach Point Capital Management
Metro Franchising
Undisclosed amount
Great Neck, NY-based Dunkin’ franchisees with 105 stores in the New York metro region
Blackstone and Vista Equity
Smartsheet
Undisclosed amount
Bellevue, WA-based maker of workplace collaboration software
Pinegrove Capital Partners
SVB Capital
$340M
Santa Clara, CA-based investment platform business
New State Capital Partners
The Expo Group
Undisclosed amount
Irving, TX-based provider of services to the trade show and live event industry
Venture Capital Deals
Reid Hoffman, Offline Ventures, Sound Ventures, Karlie Kloss, Colin Kaepernick, founder of Lumi, and Christy Turlington Burns
Arcade
$17M
San Francisco, CA-based generative AI marketplace
Brightway Future Ventures, Cherubic Venture, EnvisionX Venture, First Star Venture, Linear Capital, M31 Capital, Taihill Venture, and Uphonest Capital
Bot Auto
$20M
Houston, TX-based autonomous trucking startup
Wellington Management, Toshiba, DNX, Cox, and Prologis
Crisp
$72M
Bentonville, AR-based supply chain data startup
GV, Collaborative Fund, Breakthrough Energy Ventures, NGP, and Lennar
Dandelion Energy
$40M
Mt. Kisco, NY-based geothermal energy startup
Cathay Innovation, USV, Keyframe Capital, Equal Ventures, and BoxGroup
David Energy
$23M
Brooklyn, NY-based energy retailer
Telescope Partners
Fathom
$17M
San Francisco, CA-based meetings intelligence platform
Avidity Partners, Spark Capital, Ingeborg Investments, Barrel Ventures, Siam Capital, Relish Works, CF Private Equity, and Primary Venture Partners
Helaina
$45M
New York, NY-based maker of human-equivalent bioactive proteins
Edison Partners
K1x
$20M
Chicago, IL-based provider of K-1 data aggregation and reporting solutions
Threshold Ventures, Lux Capital, PFM Health Sciences, and Fred Moll
Mendaera
$73M
San Mateo, CA-based medical robotics developer
Centaurus Capital and New System Ventures
MetOx
$25M
Houston, TX-based maker of ultraefficient grid wires
Flagship Pioneering
Mirai Bio
$50M
Cambridge, MA-based platform for enhancing genetic medicines
Gradient Ventures, Construct Capital, Neo, PSL Ventures, Bezos Expeditions, Fintech Fund, Operator Stack, and Upper90
Outgo
$15M
Seattle, WA-based freight carrier banking startup
A16z, First Round Capital, and M13
Prepared
$27M
New York, NY-based startup that helps 911 dispatchers get a caller’s real-time location
Obvious Ventures, Piva Capital, Prelude Ventures, Metaplanet Holdings, and YC
Pyka
$40M
Oakland, CA-based developer of autonomous electric planes
Novo Holdings, U.S. Venture Partners, Norwest Venture Partners, InnovaHealth Partners, and The Vertical Group
Route 92 Medical
$50M
San Mateo, CA-based maker of medical devices for neurovascular interventions
Holcim and CRH
Sublime Systems
$75M
Somerville, MA-based green cement startup
Evolution Equity Partners, Bessemer Venture Partners, Notable Capital, Greenfield Partners, and Strait Capital
Torq
$70M
Portland, OR-based no-code automation platform for security teams
Sapphire Ventures, KeyCorp, IonPacific, GV, Kleiner Perkins, Citi Ventures, DCM, and Ericsson Ventures
UJET
$76M
San Francisco, CA-based provider of cloud contact center solutions
OPG Pension Plan, ArcelorMittal, Ara Partners and Aramco Ventures
Utility Global
$53M
Houston, TX-based hydrogen and gas production startup for “hard-to-abate industries”
Warburg Pincus and SoftBank
WhatFix
$125M
San Jose, CA-based digital transformation firm
Bessemer Venture Partners
Wrapbook
$20M
Hollywood, CA-based payroll and accounting services firm
Health 2047 Capital Partners, CRG, First Trust Capital Partners and insiders Newlight Partners, Town Hall Ventures, Health 2047, and Leavitt Equity Partners
Zing Health
$140M
Chicago, IL-based Medicare Advantage insurer